Rwanda: Primary income payments (BoP, current US$)

Key figures

What the numbers say

In 2024, Rwanda's primary income payments (BoP, current US$) rose 11.1% on 2023 (from US$328.15 million to US$364.49 million).

Across the 13 yearly changes before that (2011 to 2023), the average change was +21.9% and a typical year strayed about 45.8% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 129% in 2016 and the biggest yearly fall was 38.9% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 10% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Rwanda had the 20th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Rwanda in the 2024 ranking

• Fiji — 16th of 29: US$471.15 million
• Liberia — 17th of 29: US$424.35 million
• Ethiopia — 18th of 29: US$365.73 million
• Kyrgyz Republic — 20th of 29: US$363.91 million
• Mauritania — 21st of 29: US$271.99 million
• Bhutan — 22nd of 29: US$194.59 million

What this measures

Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 15 values

Primary income payments (BoP, current US$) in nearby economies

• Angola — US$6.72 billion (2025)
• Benin — US$533.3 million (2023)
• Botswana — US$549.97 million (2025)
• Burkina Faso — US$1.45 billion (2024)
• Burundi — US$54.54 million (2025)
• Cabo Verde — US$101.33 million (2025)
• Cameroon — US$1.34 billion (2024)
• Comoros — US$7.72 million (2023)
• Congo, Dem. Rep. — US$3.76 billion (2025)
• Congo, Rep. — US$1.71 billion (2021)

More economic policy & debt data for Rwanda

• General government final consumption expenditure (current US$) — US$2.47 billion (2025)
• General government final consumption expenditure (current LCU) — 3.52 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$2.46 billion (2025)
• General government final consumption expenditure (constant LCU) — 3.28 trillion (2025)
• General government final consumption expenditure (% of GDP) — 15.06% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$10.54 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 15.06 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$)

Reading data like this

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Questions people ask

What is Rwanda's primary income payments (BoP, current US$)?

US$364.49 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is up 563.57% from US$54.93 million in 2010 (14.47% a year on average, compounded). The highest value was US$364.49 million in 2024 and the lowest US$54.93 million in 2010.

How does Rwanda rank?

20th highest of 29 economies with data for 2024.

Is the latest change in primary income payments (BoP, current US$) unusual for Rwanda?

In 2024, Rwanda's primary income payments (BoP, current US$) rose 11.1% on 2023 (from US$328.15 million to US$364.49 million). Across the 13 yearly changes before that (2011 to 2023), the average change was +21.9% and a typical year strayed about 45.8% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BM.GSR.FCTY.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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